Peiran Environmental plans to issue a maximum of 2.0% discount on the shares, raising approximately HK$14.164 million.
Peist Environmental Protection announced that on April 21, 2026, the company plans to issue up to approximately 146.6 million shares of placement shares through placing agents, representing approximately 16.59% of the enlarged share capital. The price of the placement shares is HK$0.1 per share, which is at a discount of approximately 2.0% from the closing price of HK$0.102 per share reported on the Stock Exchange on the date of the placement agreement. The net proceeds from the placement are expected to be approximately HK$141.64 million, with HK$10 million to be used for operating capital for the development of new businesses in hydrogen, renewable energy, and sustainable supply chain; HK$3 million to repay existing bank loans; and approximately HK$1.1 million for administrative and company expenses.
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